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Oil Services
We are importers, bulk buyers, and sellers of petroleum products. We also do retail marketing which includes on the spot depot sales of product, supply to corporate organizations, private businesses, institutional users like hospitals, fast food outlets, churches, filling stations and individuals.
Oil Trading & Supplies Services
The Company started its oil trading activities since inception and is fully involved in trading petroleum derivatives such as: Premium Motor Spirit (PMS), Automotive Gasoline Oil (AGO), Dual Purpose Kerosene (DPK) and Low Pour Fuel Oil (LPFO). We are currently involved in bulk petroleum sales through vessel trans shipments, coastal bunkering etc.
We source our products principally from overseas and through NNPC/PPMC coastal allocations. Since inception of operations, we have remained relevant in petroleum products trading through constant importation of petroleum products at competitive price, thereby impacting positively on the economy of the nation.
Crude Term Contract & Direct Sale and Direct Purchase (DSDP)
Currently, we have an existing crude oil sales and purchase term contract with Nigerian National Petroleum Corporation (NNPC).
We are also one of the few companies in Nigeria selected for the Direct Sales & Direct Purchase (DSDP) with NNPC
Terminals & Storage
Over 98% of Masters Energy’s onshore petroleum product is stored in Masters Energy-owned tanks.
Masters Energy owns and operates the largest private terminals and storage facilities in Nigeria with a total capacity of 158,000MT.
This storage facility was built to conform to international standards, with enviable health and safety records. Over 90% of Masters Energy’s onshore Petroleum products are stored in Masters Energy owned tanks.
The company has equally invested in several ventures providing terminal and storage facilities in Africa.
In September 2014, Masters Energy and Amiable Oil and Gas Ltd announced the opening of a Joint Venture of terminals and storage facilities in Rivers State, Nigeria, to expand the storage and distribution of PMS, DPK, AGO, JET-A, and other chemicals to high demand areas.